A group of crypto artists bought the Banksy piece “Morons” and burned it before issuing an NFT.

A piece by famous street artist Banksy is to be sold as a non-fungible token (NFT) – after the original was physically burned in Brooklyn, N.Y., on Wednesday.

It’s a first for the art industry as NFTs jump into the mainstream consciousness.

The piece, β€œMorons,” which pokes fun at art collectors, has been burned by a team of crypto enthusiasts at a discreet Brooklyn location.